Classical Radio on the ropes.....
A. Joseph Ross
Fri Mar 26 00:57:27 EDT 2010
On 25 Mar 2010 at 11:19, Ron Bello wrote:
> Unlike many FM stations that have sold for 50 to 100 million over the
> past 10 years, KING FM has not debt. "We have no mortgages"
> Operating costs are generally low for a classical station.
> They are not in financial trouble.
That depends on what you mean by financial trouble. The station may
not owe money, but it could be at the point where income no longer
covers operating costs. That was the problem at WJIB that motivated
Bob to do his annual fund-raising appeal. The choice is either to
become more aggressively commercial to make enough money to pay the
bills and produce a decent profit for the owners or to go non-
commercial and rely on fundraising.
A. Joseph Ross, J.D. 617.367.0468
92 State Street, Suite 700 Fax 617.507.7856
Boston, MA 02109-2004 http://www.attorneyross.com
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